- An Outline of the China Plastic Spouts Market
- Market Definition
- Market Segmentation
- Product Overview
- Assumptions and Abbreviations
- Summary of the Report for Key Decision Makers
- Major Roadblocks for the Market Growth
- Industry Risk Analysis
- Demand Risk Analysis
- Supply Risk Analysis
- Industry Supply Chain Analysis
- End User Analysis
- Competitive Positioning: Strategies to Differentiate a Company From its Competitors
- Competitive Model: A Detailed Inside View for Investors
- Market Share of Major Companies Profiled, 2022
- Business Profiles of Key Enterprises
- Guangdong Oudaya Packaging Co., Ltd.
- Shantou Fenbo Packaging Co., Ltd.
- Shantou Jinlei Plastic Industrial Co., Ltd.
- Shenyang Tengsheng plastic packaging co. LTD.
- Guangzhou Cheers Packing CO., LTD
- Mingsanfeng Cap Mould Co.,Ltd
- Shantou Mandun Plastic Co.,Ltd.
- Georg Menshen GmbH & Co. KG
- Changzhou Huapu Plastics Container Co., Ltd.
- Other players
- China Plastic Spouts Market, Outlook & Projections, Opportunity Assessment, 2022 to 2033
- Market Overview
- Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
- China Plastic Spouts Market Outlook & Projections, Opportunity Assessment by Segment
- By Spout Type
- Cap, Market Value (USD Million), CAGR, 2023-2033F
- Dropper, Market Value (USD Million), CAGR, 2023-2033F
- Pumps, Market Value (USD Million), CAGR, 2023-2033F
- Others, Market Value (USD Million), CAGR, 2023-2033F
- By Packaging Type
- Pouch, Market Value (USD Million), CAGR, 2023-2033F
- Bottle, Market Value (USD Million), CAGR, 2023-2033F
- Others, Market Value (USD Million), CAGR, 2023-2033F
- By End User
- Food & Beverage, Market Value (USD Million), CAGR, 2023-2033F
- Cosmetics and Personal Care, Market Value (USD Million), CAGR, 2023-2033F
- Pharmaceutical, Market Value (USD Million), CAGR, 2023-2033F
- Others, Market Value (USD Million), CAGR, 2023-2033F
- By Spout Type
Global Market Size, Forecast, and Trend Highlights Over 2023-2033
The China Plastic Spouts Market size is expected to surpass USD 145.0 Million by the end of 2033, witnessing around 6.61% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of china plastic spouts was USD 71.9 Million. The growth of the market in this region can be attributed to the growing working class women who are demanding more cosmetics products in China. According to a poll, almost 42% of Chinese women stated they spend an average of USD 73 to about USD 300 year on makeup, according to China Youth Daily. Also, there has been growing young population which is also estimated to increase the demand for cosmetics in China. Compared to older women (about 82%), a higher percentage of young women (approximately 87%) make up regularly. The women in China stated that often wear "little makeup" on ordinary days but "full makeup" while going to formal occasions such as banquets or business client meetings. Hence owing to the increasing demand for cosmetics in China, the market is expected to grow further.
Additionally, there has been growing demand for ready-to-eat products in China. Further, since COVID-19 the demand for read-to-eat meal went much higher since more people were staying at home. Also, the prices for raw material went up during COVID-19, hence consumers appeared to believe it was wise to store up food. Hence the demand for ready-to-eat food went up. Moreover, young people especially who are working prefer ready-to-eat food, since they find it more convenient than cooking at home. However, the geriatric population in China who are leaving alone is also estimated to demand for more ready-to-eat food. In China, the percentage of senior persons living alone has risen from about 17% in 1993 to approximately 26% in 2007 and may reach about 89% by 2030. Hence growing geriatric population in China who are living alone is also estimated to boost the growth of the market.
China Plastic Spouts Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Government Initiatives to Reduce the Plastic Pollution
The National Development and Reform Commission (NDRC) of China and the Ministry of Ecology and Environment (MEE) jointly published "Opinions on Further Strengthening the Control of Plastic Pollution" on January 16, 2020, with the goal of outlawing and drastically reducing the production and use of environmentally harmful plastics over the course of the following five years. To avoid and control plastic pollution, the Chinese government seeks to promote the manufacture of alternative and biodegradable materials. As a result of its recyclable nature and minimal use of plastic during production, plastic spout pouches have become more and more popular.
- Growing Production of Generic Drugs in China
China has been heavily reliant on generic drugs. Over 94% of the about 160,000 drug licenses granted by the Chinese FDA are for generic medications, according to the National Health Commission of that nation.
- Growing Demand for Cosmetics in China by Men
In China, more than half of the male consumers as of 2021 claimed to use skincare products frequently, if not daily.
- Surge in Pre-Cook-Related Enterprises
More than 65,000 domestic pre-cook-related businesses were registered in the country as of June 2022, more than 1,019 of which were brand-new businesses.
- Rise in Production of Plastic
Every month, China generates almost 6 million metric tonnes of plastic products. The greatest monthly production of plastic goods since January 2020 was approximately 8 million metric tonnes in December 2021.
Challenges
- Recycling and Environment Concern of Plastic Spouts - The use of plastic packaging for spout products is also harmful to the environment since it increases garbage, clogs landfills, and pollutes the ocean, killing aquatic life. Further, plastic spout recycling issues and environmental concerns are limiting market expansion since recycling entails performing a transformation sequence, which could have negative environmental, labor-intensive, and financial effects. The rapid growth of the express and food delivery sectors has also presented new difficulties for the China plastic spouts market.
- Supply Chain Disruption
- Shortage of Raw Material for Manufacturing
China Plastic Spouts Market: Key Insights
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
6.61% |
|
Base Year Market Size (2022) |
USD 71.9 Million |
|
Forecast Year Market Size (2033) |
USD 145.0 Million |
|
Regional Scope |
China |
China Plastic Spouts Segmentation
End-user (Food & Beverage, Cosmetics & Personal Care, Pharmaceutical)
The China plastic spouts market is segmented and analyzed for demand and supply by end user into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Out of which, the food & beverage segment is anticipated to garner the highest revenue of USD 57.7 Million by the end of 2033, up from a revenue of USD 27.8 Million in the year 2022. Further, the segment is anticipated to grow at a highest CAGR of 6.91% over the forecast period, backed by growing demand for organic food which is further estimated to boost the adoption of flexible packaging. The sales of organic food in China climbed to roughly USD 75 billion in 2021. China exported organic foods valued over 1 billion US dollars in the same year. Flexible packaging is preferred as it is convenient for transit and storage. Spout pouches are most frequently used to package baby foods and beverages. Hence, further owing to growing demand for baby food the market is estimated to grow. Plastic spouts are extensively used by food sector in order to store jelly, cream, spread, or any other thick liquid in produce. Additionally, growing number of food industries and demand for more innovative packaging solution the market is estimated to grow further.
Packaging Type (Pouch, Bottle)
The China plastic spouts market is also segmented and analyzed for demand and supply by packaging type into pouch, bottle, and others. Amongst which, the bottle segment is expected to generate the highest revenue of USD 66.8 Million by the end of 2033, up from a revenue of USD 33.5 Million in the year 2022. However, pouch segment is anticipated to grow at the largest CAGR of 7.33% over the forecast period, backed by their growing preference owing to their customizable and versatile nature. Spout pouch are a type of flexible plastic packaging, hence they are found to be more convenient and they are also better on environment than rigid packaging. This packaging is used for a variety of products including energy drinks, baby food, cocktails, detergent, and screen washing solutions. Additionally, spout pouch demand has increased as a result of rapid urbanization, hectic lives, and rising individual spending power. These factors have also increased the sales of packaged food goods.
Our in-depth analysis of the global market includes the following segments:
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By Spout Type |
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By Packaging Type |
|
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By End User |
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Customize this ReportCompanies Dominating the China Plastic Spouts Landscape
Guangdong Oudaya Packaging Co., Ltd.,
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Shantou Fenbo Packaging Co., Ltd.,
- Shantou Jinlei Plastic Industrial Co., Ltd.,
- Shenyang Tengsheng plastic packaging co. LTD.,
- Guangzhou Cheers Packing CO., LTD,
- Mingsanfeng Cap Mould Co.,Ltd,
- Shantou Mandun Plastic Co.,Ltd.,
- Georg Menshen GmbH & Co. KG,
- Changzhou Huapu Plastics Container Co., Ltd.,
- Others.
In the News
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May 27, 2022: Georg Menshen GmbH & Co. KG took on the challenge of creating packaging that was easily recyclable and sustainable, and after significant testing and research, finally brought in a solution to market: Menshen-LoTUS is a cutting-edge Weldspout that is compatible with pouch packaging made of mono-material and so satisfies the regulatory criteria for sustainable and environmentally friendly packaging and production. This weldspout's distinctive design and construction offer outstanding sealing performance and a previously unattained aesthetically pleasing weld between the weldspout and the pouch.
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January 12, 2022: Shantou Jinlei Plastic Industrial Co., Ltd. Announced the launch of self-supporting nozzle bag in China. These bags are laminated by PET/foil/PET/PE structure and are available in 2 layers, 3 layers, and materials of other specifications.
Author Credits: Abhishek Anil
- Report ID: 4688
- Published Date: Feb 16, 2023
- Report Format: PDF, PPT
